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LA ranks near bottom of 2023 residential market forecast

Los Angeles / Trevor Bach December 08, 2022 02:31 PM With just weeks to go before the new year, Realtor.com on Thursday published its 2023 housing forecast for the country’s 100 largest metro areas — and L.A. ranks near the bottom. The website’s model incorporates data from local housing markets and the economy to predict year-over-year overal...

Exploring the North Los Angeles County Real Estate Market: A Guide for Millennial and First-Time Homebuyers

If you're a millennial or first-time homebuyer looking to purchase a home in North Los Angeles County, you may be wondering what the current real estate market looks like. With low mortgage rates and a variety of affordable homes available, it's a great time to buy in the area. The median home price in North Los Angeles County, including the San Fernando Valley and Santa Clarita Vall...

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Real Estate Cycle: Understanding the Four Phases

https://www.fortunebuilders.com/real-estate-cycle/ As a real estate investor, it’s essential that you keep a pulse on the real estate cycle, both on macroeconomic and microeconomic scales, and know where we are in said cycle. The housing market cycle is closely tied to the general economy. Still, you can’t assume that the housing market is doing well just because the general...

California Dream For All! Down Payment Assistance Program 20% Quick Guide

Website for the program is here!!!! ——> https://www.calhfa.ca.gov/dream/index.htm The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the origina...

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You Do ADU, Part 1: Thousands of Californians are building ADUs. Should you?

BY JON HEALEY UTILITY JOURNALISM SENIOR EDITOR  MARCH 29, 2023 8 AM PT https://www.latimes.com/business/real-estate/newsletter/2023-03-29/how-to-decide-whether-to-build-an-adu-in-california-you-do-adu Accessory dwelling units are one of the hottest items in California’s housing industry, inspiring a slew of companies to try their hand at designing and building t...

Good Time for Investors to Unload

Real estate investors have done well. Rents have risen and home price appreciation has been quite exceptional. In the past three years, the typical rental rate and typical home price have soared by 16.4% and 35.5%, respectively. Over the past five years, those figures are 24.9% and 50.8%. These returns were occurring at a time of low-cost financing. Now it’s time for investors to sell....

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These Are The People Who Should Be Buying A Home!

The ideal home buyer in the Los Angeles real estate market today can vary depending on their specific needs and preferences. Los Angeles is a diverse and sprawling metropolitan area with a wide range of neighborhoods and property types, so the ideal buyer can differ significantly from one part of the city to another. However, here are some general characteristics that might define an ideal home...

How much you pay to buy or sell a home may be about to change. Here's what you need to know........

https://www.usatoday.com/story/money/personalfinance/real-estate/2023/11/02/real-estate-agent-commission-may-change/71312251007/ How much you pay to a real estate agent to buy or sell a home is likely to go down after a victory for consumers in a federal trial in Missouri earlier this week.  A jury in a case against the National Association of Realtors and several large bro...

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What the NAR Settlement Means for Home Buyers and Sellers

Updated May 24, 2024 https://www.nar.realtor/competition-in-real-estate/what-the-nar-settlement-means-for-home-buyers-and-sellers On March 15, The National Association of REALTORS® (NAR) reached an agreement with plaintiffs that would, if approved by the court, end litigation of claims brought on behalf of home sellers related to broker commissions. The Settlement also includes some c...

How the NAR Settlement Is Changing Homebuying and Selling

By Aly J. Yale Edited by Dawn Bradbury Reviewed by Liisa Rajala Aug. 15, 2024, at 2:04 p.m. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers   A shakeup is looming for the real estate industry as new rules take effect this week that change how agents get paid – and it could mean...